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Quantum Dot Display Market- Key Trends 2016-2025
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Market Highlights
Quantum dot displays are devices using quantum dots for producing monochromatic light in colors of blue, green, and red. The global quantum dot display market report by Market Research Future (MRFR) focuses on the emerging technology, consumer penchant for high-resolution displays, and consumer viewing patterns for estimating projections on growth and revenue for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its effects are included in the report. The global quantum dot display market is expected to grow at USD 3.9 billion by 2023, at 25% of CAGR between 2017 and 2023.
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Segmentation
Global market has been segmented on the basis of material, product and application. The material is further bifurcated into cadmium free, cadmium based and others. Out of which, the cadmium free material has gained immense popularity owing to its efficiency. Growing demand
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of quantum dots in display devices and energy efficiency offered by quantum dots are some of the major factors driving the growth of quantum dots display market.
Quantum dots display products are made up of cadmium based material such as selenide, sulfide, telluride, and indium arsenide or cadmium free material. Earlier, cadmium based material was the most commonly used for manufacturing of quantum dot display product. As cadmium based material are heavy metal, toxic in nature and are restricted by the global environmental regulation. Many regulation authorities have limited the amount of cadmium material for usage in the consumer electronics devices for customers. This in turn has stimulated the production of the cadmium free material.
By product, it is segmented into TV, smartphone, PC Monitor, tablet PC, and others.
By application, it is segmented into IT & telecommunication, consumer electronics, healthcare, automotive, and others.
Regional Analysis
North America region holds the largest market share of global QD Market followed by Asia Pacific and Europe regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for energy efficient device and increasing interest in cadmium free quantum dots in consumer electronics in the region. The region also has a well-established infrastructure which allows easy implementation of advanced technologies.
Competitive Outlook
Microvision, Inc., LG Display Co., Ltd., Altair Nanotechnologies, Inc., Samsung Electronics Co., Ltd., Sony Corporation, Quantum Materials Corporation, QD Vision, Inc., Nanosys, Inc., Sharp Corporation, 3M Company, and Evident Technologies, Inc., are key players of the global quantum dot display market.
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